September 24, 2018

Mansfield, OH - 3-Bedroom Victorian For Sale for $39K

On the West and the Northeast, the cost of living keeps surging. With inflation back that will get worse.

Meanwhile the Southern coastal regions are targets for severe hurricanes. Category 6 is possible and probable.

The new cool is what used to be known as the Rust Belt: Ohio, Michigan, and Wisconsin. As CNBC reports, Millennials have been flocking there for the low-cost of living, sense of belonging to a community, and insulation from extreme weather.

In Mansfield, OH, for example, a 3-bedroom Victorian house is listed for $39K.

Renters also get an amazing deal.

Here in Austintown, OH, midway between Pittsburgh and Cleveland, a large 1-bedroom, including all utilities, goes for under $600.

That's less than many of the rentals in Tucson, Arizona, the go-to location for the budget-challenged.

In addition, people seem to be "real."

Maybe it's because the Midwest had been hit hard with economic despair. Actually it's still getting hit. The GM Lordstown plant which produces the Cruz sedan is down to 1 shift, from 3. Neighbor helps neighbor after the heads of households lose jobs.

Now and then there is a tornado warning. But, overall, despite climate change the weather has been predictable. Since I relocated here in 2016, even the snow has been what people in the Midwest expect - and manage to navigate.

If there are surprises in the Rust Belt they include that retirees might consider relocating here instead of AZ - or Florida.

Reflection: The American Dream of home ownership becomes doable again in OH, MI, and WI.

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